Renaissance Technologies Portfolio holdings
Renaissance Technologies LLC, founded in 1982 by mathematician James Simons as Monemetrics and headquartered in East Setauket, New York, is a legendary quantitative hedge fund managing around $65 billion in assets as of late 2024, renowned for its pioneering use of mathematical models and algorithms in trading. Starting with currency trading and evolving into a secretive powerhouse under its flagship Medallion Fund—launched in 1988—the firm employs PhDs, physicists, and computer scientists to analyze vast datasets, executing high-frequency trades across equities, futures, and derivatives with returns averaging over 66% annually before fees from 1988 to 2018. Simons, who stepped down as chairman in 2021, built a culture of intellectual rigor, limiting Medallion to employees and insiders since 1993 while offering institutional funds like the Renaissance Institutional Equities Fund (RIEF) to outsiders. Now led by Peter Brown and Robert Mercer’s successors, Renaissance remains a benchmark for quant investing, blending academic precision with a low-profile, extraordinarily profitable legacy despite occasional regulatory scrutiny.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$628M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$567M |
| 3 |
Biogen
BIIB
|
+$405M |
| 4 |
UnitedHealth
UNH
|
+$392M |
| 5 |
Walmart Inc
WMT
|
+$301M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$451M |
| 2 |
PepsiCo
PEP
|
+$382M |
| 3 |
Philip Morris
PM
|
+$256M |
| 4 |
Roku
ROKU
|
+$252M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.91% |
| 2 | Technology | 12.35% |
| 3 | Consumer Discretionary | 10.31% |
| 4 | Financials | 9.99% |
| 5 | Consumer Staples | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2076
NetSol Technologies
NTWK
$52.6M
| $2.9M | ﹤0.01% |
513,813
+9,800
| +2% | +$54.7K |
|
|
IVAC
2077
DELISTED
Intevac Inc
IVAC
| $2.88M | ﹤0.01% |
549,409
+66,717
| +14% | +$333K |
|
|
AGRX
2078
DELISTED
Agile Therapeutics
AGRX
| $2.88M | ﹤0.01% |
1,214
+87
| +8% | +$214K |
|
|
BKI
2079
DELISTED
Black Knight, Inc. Common Stock
BKI
| $2.88M | ﹤0.01% |
47,078
-66,100
| -58% | -$4.1M |
|
|
CDOR
2080
DELISTED
Condor Hospitality Trust, Inc. Common Stock
CDOR
| $2.87M | ﹤0.01% |
260,130
+128,715
| +98% | +$1.35M |
|
|
DQ
2081
Daqo New Energy
DQ
$931M
| $2.86M | ﹤0.01% |
+310,500
| New | +$2.84M |
|
2082
Urban One Class D
UONEK
$22.9M
| $2.85M | ﹤0.01% |
148,365
+2,794
| +2% | +$55.5K |
|
|
NSTG
2083
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.84M | ﹤0.01% |
131,500
-48,890
| -27% | -$1.3M |
|
|
MTOR
2084
DELISTED
MERITOR, Inc.
MTOR
| $2.84M | ﹤0.01% |
153,400
+88,800
| +137% | +$1.8M |
|
2085
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.73B
| $2.84M | ﹤0.01% |
95,700
+82,200
| +609% | +$2.42M |
|
|
SCX
2086
DELISTED
The L.S. Starrett Company
SCX
| $2.84M | ﹤0.01% |
489,221
+58,076
| +13% | +$340K |
|
2087
HUTCHMED
HCM
$1.99B
| $2.83M | ﹤0.01% |
158,800
+111,400
| +235% | +$2.32M |
|
|
UBFO
2088
DELISTED
United Security Bancshares
UBFO
| $2.83M | ﹤0.01% |
268,712
+17,874
| +7% | +$190K |
|
|
ERF
2089
DELISTED
Enerplus Corporation
ERF
| $2.83M | ﹤0.01% |
379,757
+299,100
| +371% | +$2.06M |
|
|
ELGX
2090
DELISTED
Endologix Inc
ELGX
| $2.82M | ﹤0.01% |
711,268
+97,362
| +16% | +$566K |
|
|
SHOS
2091
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $2.82M | ﹤0.01% |
819,548
+156,255
| +24% | +$462K |
|
|
FRBK
2092
DELISTED
Republic First Bancorp Inc
FRBK
| $2.82M | ﹤0.01% |
670,933
+273,400
| +69% | +$1.19M |
|
2093
Toro Company
TTC
$9.01B
| $2.81M | ﹤0.01% |
38,400
-68,900
| -64% | -$4.92M |
|
2094
SandRidge Energy
SD
$508M
| $2.8M | ﹤0.01% |
596,600
+372,900
| +167% | +$2.14M |
|
|
CHMA
2095
DELISTED
Chiasma, Inc. Common Stock
CHMA
| $2.8M | ﹤0.01% |
566,423
+154,540
| +38% | +$876K |
|
2096
Gentherm
THRM
$1.25B
| $2.78M | ﹤0.01% |
67,764
+36,200
| +115% | +$1.43M |
|
2097
Valhi
VHI
$389M
| $2.78M | ﹤0.01% |
122,052
+375
| +0.3% | +$9.58K |
|
2098
Cumberland Pharmaceuticals
CPIX
$93.8M
| $2.78M | ﹤0.01% |
469,138
+27,561
| +6% | +$153K |
|
|
ROCC
2099
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $2.78M | ﹤0.01% |
95,600
-35,200
| -27% | -$1.09M |
|
|
RDUS
2100
DELISTED
Radius Health, Inc.
RDUS
| $2.78M | ﹤0.01% |
+107,900
| New | +$2.64M |
|
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Renaissance Technologies's Q3 2019 Portfolio in Review
As of Q3 2019, Renaissance Technologies held 3,920 positions worth $118B, up 4% from $114B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Renaissance Technologies deployed $5.29B of net new capital in Q3 2019, opening 406 new positions and adding to 1,848 existing holdings. Its largest new stake was UnitedHealth: 1,624,826 shares worth $353M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $451M trimmed.
- Renaissance Technologies's largest Q3 2019 buy was UnitedHealth: 1,624,826 shares worth $353M.
- Renaissance Technologies added most to Celgene Corp in Q3 2019, an estimated $628M increase.
- Renaissance Technologies's biggest Q3 2019 reduction was Apple, cutting an estimated $451M.
- Renaissance Technologies fully exited Red Hat Inc in Q3 2019, selling an estimated $248M.
- Renaissance Technologies's ten largest holdings make up 11% of its $118B portfolio in Q3 2019.
- Renaissance Technologies opened 406 new positions and closed 522 in Q3 2019.
- Renaissance Technologies's portfolio value rose 4% quarter-over-quarter to $118B.
Based on Renaissance Technologies's 13F filing for Q3 2019, filed 13 Nov 2019.